Montreal-listed Noveder has completed its underground drilling program on the Nugget Pond project near Baie Verte, Nfld.
With the ramp now developed down to 700 metres, and two drifts having opened up the deposit on levels 5060 and 5030, Noveder and its joint-venture partner, Richmont Mines (TSE), are continuing underground definition drilling to collect core for fire assaying.
The most recent drill results included grades in the order of 10 to 40 grams per tonne over intervals of 1 to 5 metres, with some core showing visible gold.
Noveder and Richmont plan to examine all drill results and have a feasibility study in hand by the end of the year. A production decision is expected early in 1996.
Be the first to comment on "Bulk-test wraps up at Nugget Pond"